U.S. Instruments And Related Products For Measuring, Displaying, And Controlling Industrial Process Variables Market. Analysis And Forecast to 2030
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View PricingMeasuring Instrument Price in the United States - 2023
Contents:
- Measuring Instrument Price in the United States (CIF) - 2023
- Measuring Instrument Price in the United States (FOB) - 2023
- Measuring Instrument Imports in the United States
- Measuring Instrument Exports in the United States
Measuring Instrument Price in the United States (CIF) - 2023
In August 2023, the average measuring instrument import price amounted to $14.4 per unit, picking up by 2.6% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 8.8% m-o-m. The import price peaked at $15.0 per unit in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($37.9 per unit), while the price for China ($7.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Measuring Instrument Price in the United States (FOB) - 2023
The average measuring instrument export price stood at $92.9 per unit in August 2023, jumping by 16% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 23% against the previous month. Over the period under review, the average export prices attained the peak figure at $94.3 per unit in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Singapore ($209 per unit), while the average price for exports to Canada ($44.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Measuring Instrument Imports in the United States
For the fourth year in a row, the United States recorded growth in overseas purchases of instruments and related products for measuring, displaying, and controlling industrial process variables, which increased by 3.6% to 603M units in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, measuring instrument imports expanded rapidly to $8.2B in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9.9% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Measuring Instrument in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,540 | 1,209 | 1,277 | 1,472 | -1.5% |
| China | 970 | 1,137 | 1,003 | 1,077 | 3.5% |
| Germany | 980 | 759 | 823 | 868 | -4.0% |
| Japan | 745 | 641 | 721 | 739 | -0.3% |
| Canada | 699 | 553 | 601 | 703 | 0.2% |
| Taiwan (Chinese) | 283 | 284 | 336 | 406 | 12.8% |
| United Kingdom | 453 | 380 | 381 | 395 | -4.5% |
| Vietnam | 320 | 314 | 348 | 359 | 3.9% |
| Malaysia | 208 | 166 | 188 | 240 | 4.9% |
| South Korea | 134 | 137 | 404 | 145 | 2.7% |
| Thailand | 73.2 | 113 | 108 | 124 | 19.2% |
| Bulgaria | 42.6 | 45.3 | 56.9 | 65.5 | 15.4% |
| Others | 1,485 | 1,293 | 1,480 | 1,646 | 3.5% |
| Total | 7,931 | 7,031 | 7,725 | 8,241 | 1.3% |
Top Suppliers of Measuring Instrument to the United States in 2022:
- China (153.9M units)
- Mexico (152.2M units)
- Japan (48.0M units)
- Germany (39.4M units)
- Taiwan (Chinese) (24.4M units)
- Malaysia (18.7M units)
- Vietnam (18.5M units)
- Canada (16.9M units)
- Thailand (15.8M units)
- South Korea (14.9M units)
- United Kingdom (13.8M units)
- Bulgaria (10.7M units)
Measuring Instrument Exports in the United States
For the fourth consecutive year, the United States recorded growth in overseas shipments of instruments and related products for measuring, displaying, and controlling industrial process variables, which increased by 13% to 103M units in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 106% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, measuring instrument exports amounted to $8.6B in 2022. Overall, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Measuring Instrument in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,410 | 1,134 | 1,146 | 1,403 | -0.2% |
| Canada | 1,339 | 1,002 | 1,016 | 1,216 | -3.2% |
| China | 580 | 573 | 718 | 738 | 8.4% |
| Germany | 506 | 405 | 490 | 564 | 3.7% |
| Singapore | 297 | 307 | 351 | 404 | 10.8% |
| Japan | 281 | 300 | 332 | 395 | 12.0% |
| South Korea | 298 | 284 | 291 | 360 | 6.5% |
| United Kingdom | 344 | 258 | 265 | 324 | -2.0% |
| Brazil | 312 | 214 | 251 | 267 | -5.1% |
| France | 255 | 202 | 209 | 211 | -6.1% |
| Hong Kong SAR | 111 | 98.1 | 115 | 146 | 9.6% |
| Greece | 175 | 65.8 | 107 | 114 | -13.3% |
| Others | 2,432 | 2,127 | 2,272 | 2,429 | -0.0% |
| Total | 8,340 | 6,970 | 7,564 | 8,573 | 0.9% |
Top Export Markets for Measuring Instrument from the United States in 2022:
- Mexico (28.8M units)
- Canada (25.9M units)
- China (6.7M units)
- Germany (6.3M units)
- Japan (3.3M units)
- Brazil (2.4M units)
- United Kingdom (2.4M units)
- South Korea (2.4M units)
- Singapore (2.1M units)
- Hong Kong SAR (1.9M units)
- Greece (1.7M units)
- France (1.5M units)
This report provides an in-depth analysis of the measuring instrument market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 334513 - Instruments and related products manufacturing for measuring, displaying, and controlling industrial process variables
Companies mentioned:
- Emerson Electric Co.
- The Cameron Company
- Fluke Corporation
- Cognex Corporation
- Mks Instruments
- Areva
- Emerson Process Management Power & Water Solutions
- John Zink Company
- Rudolph Technologies
- GE Infrastructure Sensing
- The Lee Company
- Hurco Companies
- Roper Technologies
- Rev-A-Shelf Company
- Mueller Co.
- Harbour Group
- Mueller Group
- Robertshaw Controls Company
- Endress + Hauser Flowtec Ag
- Hexagon Holdings
- Rosemount, Invensys Systems
- Honeywell, Sterling
- Wika Holding
- Epmco Holdings
- Tsb Nuclear Energy USA Group Inc.
- Emersub 14
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Between June 2023 and October 2023, the import growth of Measuring Instruments did not recover. In terms of value, imports of Measuring Instruments amounted to $745M in October 2023.
245
Measuring Instrument imports increased to $736M in June 2023 in terms of value.
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The price of measuring instruments was $94.3 (FOB, US) in February 2023, a 23% increase compared to the previous month.
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In value terms, measuring instrument imports skyrocketed to $868M in March 2023.
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